The post How Japan’s 4. 5MW Bitcoin mining project could redefine ‘clean crypto’ appeared com. Key takeaways What is Japan doing with Bitcoin mining? Japan’s state-linked utility has started mining Bitcoin using Canaan’s 4. 5 MW Avalon rigs to balance renewable energy on its power grid. Why does this matter globally? It’s the first time a major developed nation has tied Bitcoin mining to national energy management. A major Japanese utility (partly government-owned) has begun mining Bitcoin [BTC] using specialized Canaan machines plugged directly into its power grid. The initiative aims to utilize surplus renewable energy during periods of low demand, preventing waste and helping stabilize the grid. If this approach scales, Japan could become one of the few countries where the government plays a role in Bitcoin mining, not for ideological reasons, but to optimize energy usage. Such a model could also position Japan as a pioneer in promoting ‘clean crypto’, where sustainable energy use becomes central to blockchain operations. Canaan’s grid balancing bet in Japan Canaan’s new 4. 5 MW deployment in Japan marks a significant shift in integrating BTC mining operations with real-world energy infrastructure. The company’s hydro-cooled Avalon machines will be used like an on-off buffer, powering down when grid demand spikes, and switching back on when there’s surplus renewable energy available. canaan-creative. com It’s a modest-sized setup, but the timing matters. Canaan just escaped a NASDAQ delisting and followed that with its largest miner order ever. Nangeng Zhang, chairman and CEO of Canaan, said, “With our Avalon hydro-cooled servers equipped with a smart control chip and Bitcoin mining technology, utilities can leverage Bitcoin mining as a digital load balancer, improving both energy sustainability and grid efficiency.” This partnership is Japan’s first government-linked project using Bitcoin mining to help manage the power grid. A list of state-aligned miners Building on that, this deal also settles a long-running industry rumor. VanEck’s Mathew Sigel noted.
Tag: bitcoin
Bitcoin not the ‘end goal’ says Riot as BTC production jumps 27%
Riot sees Bitcoin mining as a “means to an end,” planning to pivot its power resources to build a 1-gigawatt AI data center campus. Riot Platforms has reiterated its strategy has evolved to “maximizing the value of our megawatts,” rather than just mining Bitcoin, despite posting record revenues in Q3 on the back of a Bitcoin production surge. During a conference call following the release of the firm’s Q3 results on Wednesday, Riot Platform’s vice president of investor relations, Josh Kane, indicated that while the firm is happy with its work in Bitcoin mining initiatives, its broader focus is now on “monetizing megawatts.”“As our strategy has evolved, so has our approach to our Bitcoin mining business. We no longer see Bitcoin mining operations as the end goal, but instead as a means to an end, and that end is maximizing the value of our megawatts,” he said, adding: Read more.
Best Cryptocurrency to Buy With $1,000? Turn It Into $48,000 With This Presale Offering 40% Halloween Bonus
What if this Halloween, instead of candy, you got crypto that could multiply your wealth? As the market enters its [.] The post Best Cryptocurrency to Buy With $1,000? Turn It Into $48,000 With This Presale Offering 40% Halloween Bonus appeared first on Coindoo.
Unanticipated Moves Shake Crypto Markets: What’s Next?
The post Unanticipated Moves Shake Crypto Markets: What’s Next? appeared com. As October draws to a close, Bitcoin maintains a position above $115,000, while Ethereum’s price surpasses $4,200. Although optimists named this month “Uptober,” the expected bullish wave has not fully materialized despite the cryptocurrencies hitting unprecedented highs. Continue Reading: Unanticipated Moves Shake Crypto Markets: What’s Next? Source:.
Crypto Market Live: Bitcoin (BTC) Poised for Major Volatility as Price Targets $120,000 This Week
The post Crypto Market Live: Bitcoin price remains the center of attention as it consolidates near the $110,000 mark, hinting at a possible push toward $120,000 amid renewed investor optimism and strong inflows. Ethereum (ETH) price.
Top Crypto to Buy Now: MoonBull ($MOBU) Skyrockets Ahead With 9,256% ROI While XRP and Ethereum Hold Strong
Are you ready to grab the next crypto rocket before it skyrockets? Investors and enthusiasts are constantly on the hunt [.] The post Top Crypto to Buy Now: MoonBull (OBU) Skyrockets Ahead With 9, 256% ROI While XRP and Ethereum Hold Strong appeared first on Coindoo.
Best Crypto to Buy Now: AlphaPepe Emerges as the Next 100× Opportunity
But beyond the blue-chip coins, retail attention is shifting toward early-stage opportunities projects that combine transparency, innovation, and explosive [.] The post Best Crypto to Buy Now: AlphaPepe Emerges as the Next 100× Opportunity appeared first on Coindoo.
Bitcoin Coinbase Premium weakens but RSI mirrors April bottom zone
The Bitcoin Coinbase Premium Index turned negative as BTC’s RSI hit its lowest level since April, but it could also mark the beginning of a slow recovery. Key takeaways: The Bitcoin Coinbase Premium flipped red as BTC price dropped below $104,000. Bitcoin’s RSI hit its lowest point since April, hinting at a potential bottom zone. Read more.
Analyst Predicts When XRP Will Hit a New ATH, Citing Bitcoin’s $125K Peak
A market commentator has predicted when he believes XRP and other altcoins could reach their all-time highs, citing the latest Bitcoin peak. For context, Bitcoin (BTC) claimed a new all-time high of $125,725 on Oct. Visit Website.